Steam coal price is weak this week (1.2-1.6)

According to the monitoring data of the business community, the price of steam coal is weak this week. On January 6, the energy index was 1083 points, down 1 point from yesterday, down 30.62% from the peak of 1561 points (2021-10-21) in the cycle, and up 111.94% from the lowest point of 511 points on March 1, 2016. (Note: the cycle refers to the period from December 1, 2011 to the present)

 

In terms of origin, the price of steam coal is weak, and the market trading atmosphere is general. The main production area is mainly to ensure the supply and long-term cooperation of coal. However, as the end of the year is approaching, the main production area is safety, and the overall supply of coal is limited. The overall wait-and-see mood of the market is strong, Duowei mainly holds the rigid demand for procurement, and the shipment of some coal mines is average.

 

In terms of downstream ports, the market sales are not smooth, there are few deals at high prices, the overall market turnover is average, and the enthusiasm for taking goods in the downstream is average. The end users’ demand for steam coal is limited as a whole, with a wait-and-see attitude, and there is a phenomenon of price depression.

 

According to the data released by the National Bureau of Statistics on January 4, the national coal prices rose and fell in late December. The specific price changes of various coals are as follows: the price of anthracite (washed block, volatile matter ≤ 8%) is 2072.1 yuan/ton, 2.1 yuan/ton higher than the previous period, or 0.1% higher. The price of ordinary blended coal (the blended coal of Shanxi fine coal and lump coal, with calorific value of 4500 kcal) was 938.6 yuan/ton, down 57.1 yuan/ton or 5.7% from the previous period. The price of Shanxi Dahun (blended coal with good quality and calorific value of 5000 kcal) was 1070.0 yuan/ton, down 94.3 yuan/ton or 8.1% compared with the previous period. The price of Shanxi Youhun (high-quality blended coal with calorific value of 5500 kcal) was 1261.4 yuan/ton, down 82.9 yuan/ton or 6.2% compared with the previous period.

 

Analysts from the business community believe that the overall sentiment of steam coal in the production area is average, and the market transaction is average. In terms of downstream ports, when the Spring Festival is approaching, the downstream still mainly wait and see for steam coal, and the purchase enthusiasm of power plants is average. With the decline of port coal price, the downstream has a phenomenon of price depression. It is comprehensively predicted that the steam coal price will be dominated by weak operation in the later period, depending on the downstream market demand.

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